US stocks rise after jobs data shows labor market strengthening after disappointing April report
Peter Tuchman, right, works among fellow traders at a post on the floor of the New York Stock Exchange, Wednesday, March 4, 2020.
AP Photo/Richard Drew
US stocks rose Friday as investors cheered May jobs data that indicated a strengthening labor market after a disappointing April reading.
Non-farm payrolls showed the US economy added 559,000 jobs in May, the Bureau of Labor Statistics said Friday. However, that was slightly lower than the 674,000 median estimate economists surveyed by Bloomberg…
